China Sungarei (Sinkiang, Sin-Kiang) 1, 2, 4 Mace and 7 Mace and 2 Candareens (Fakes are possible) 1897
CoinQuest thanks Heritage Coins for the picture of this amazing dollar (7 mace and 2 candareens) from Sungarei (also known as Sunkiang) province in China. It is an exceedingly rare coin and Heritage sold it for $43700 US dollars back in 2000. I'm sure it is worth much more today.
If your coin is genuine, you have a very valuable piece! But if it is fake, you have a conversation piece. More than likely, you have a counterfeit coin. See below.
Rick Ponterio of Stack's Bowers describes these coins as follows:
CHINA. Sungarei (Sinkiang). 1897. Tihwa Mint. L&M-832; Kann-1034; Y-10; Wenchao-pg.241 #313. In 1897, small quantities of dragon series coinage were produced by the mint at Tihwa. A total of four denominations were struck, 1 Mace, 2 Mace, 4 Mace and 7 Mace 2 Candareens. Of these, only the 1 Mace and 2 Mace were released into circulation. This was done in small numbers on a limited basis. Very few examples are known to exist today, when encountered they are normally found in well circulated condition.
According to Rick, it is possible to find genuine 1 and 2 mace SUNGAREI
coins. Any 4 or 7 mace coins are 99.9% sure to be counterfeits. The genuine 1 mace shown to the left sold at $12000 US dollars by Baldwins
So if you have a 1 or 2 mace coin, your first job is to protect your item.
NEVER CLEAN A COIN. CLEANING RUINS VALUE.
The next order of business is to determine its authenticity. The best way to do this is to submit it to PCGS, NGC, ICG, or ANACS (look them up on the Internet) for authentication, grading, and encapsulation. Once authenticated, determining the value involves comparing your coin to known genuine coins that have sold recently at auction. Unless the coin is completely messed up and damaged, it will be worth a lot of money. There are counterfeits and fantasy coins which are worth essentially zero.
The picture below compares Heritage's $40000 coin with an obvious fake. Even 'candareens' is misspelled on the fake.
, Genre: The Sinosphere
Requested by: lucien, Sat, 04-May-2013 18:38:17 GMT
Answered by: Paul, Sat, 13-Jul-2013 14:56:42 GMT
Last review by CoinQuest: Sun, 14-May-2017 19:03:32 GMT
Requester description: chinese dragon coin sungarei 7 mace 2 candabeens
Tags: china sungarei sinkiang sin kiang 1 2 4 mace 7 candareens fakes counterfeit taiwan chine chinese chineese sink sinking kiangnan kieng candarins candabeens canadareens candreens replica forger counterfet fake counterfiet reproductions repro reproduction counterfeits replicas forgery dragon dragons circle circled encircle circlet ring circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed